South Jordan, Utah; 3/2/20
Amount Funded: $55 Million ($31 m equity, $24 m debt fin.)
Type: Series E
Lead Investor: Mercato Partners (equity), Signature Bank (debt)
Participating Investor(s): Napier Park, Comcast Ventures, Stereo Capital, Blumberg Captial, Runa Capital
Company Description: Online lending marketplace for small businesses that connects businesses to lenders.
What funding will be used for: adding bookeeping services, lending services
“This $55 million round is a significant milestone in Lendio’s mission to fuel the American dream as a financial matchmaker that brings high-tech, high-touch capital to the small business economy. With these funds, we are strongly positioned to grow our existing platform as a trusted loan facilitator that supports both lenders and borrowers, while building out a range of new integrated lending services that get the right loans into the right hands at the right time. We are grateful for the continued support and trust of our investors who believe in our growth strategy.”
-Brock Blake, CEO, co-founder, Lendio
- Lendio reports funding $1.4 billion in loans as of 3/2.
- Lendio is partnered with several lenders including Bank of America, Kabbage, PayPal, Chase and American Express.
Data provided by respective company (unless otherwise noted) and researched by StartupsOne for accuracy.